KBC Bank Ireland

What KBC Bank Ireland does

KBC Bank Ireland DAC was an Irish-incorporated subsidiary of Belgian universal banking group KBC Bank NV, historically focused on retail banking for private clients and small and medium-sized enterprises in Ireland. The company was registered in Dublin, licensed by the Central Bank of Ireland, and operated under the trade name 'KBC Ireland'. Originally founded in 1973, it functioned as a multi-channel bank offering deposits, payments, lending, and related retail and SME banking services within the Irish market.

On 16 April 2021, parent KBC Bank NV announced an orderly and phased exit from the Irish market. The wind-down proceeded through a series of regulatory and corporate steps: in 2023 KBCI agreed the transfer of any remaining accounts and servicing activity to KBC Bank NV Dublin Branch (approved by the Minister for Finance on 13 September 2023 and completed on 1 December 2023); the company was renamed Exicon DAC on 25 May 2023; the banking licence was returned to the Central Bank of Ireland effective 30 April 2024; James Anderson of Deloitte Ireland LLP was appointed liquidator on 15 May 2024; the final meeting of the entity in voluntary liquidation was held on 1 May 2025; and the Companies Registration Office formally dissolved the entity on 2 October 2025.

Post-dissolution, there is no operating business. KBC Bank NV Dublin Branch (a separately regulated Part 21 branch of the Belgian parent) remains available only to handle legacy queries, data protection requests, and deposit-related matters for former KBCI customers. The economic substance — revenue, customers, products, employees — has been fully migrated to, or extinguished by, the parent group; KBC Bank Ireland as a legal entity no longer exists.

Name

KBC Bank Ireland

Legal name

KBC Bank Ireland DAC

Website

https://kbc.ie

Company type

Private

Founded year

1973

Operating status

Closed

Headcount range

501–1,000 employees

Short description

KBC Bank Ireland DAC was the Irish retail and SME banking subsidiary of Belgian group KBC Bank NV. Following an orderly exit announced in April 2021, all accounts were transferred to a Dublin Branch in December 2023 and the entity was formally dissolved on 2 October 2025.

Ownership category

akta.pro rank

Headquarters

HQ city

Dublin

HQ country

Ireland

HQ region

Europe

Offices1 record

Markets served

GTM type

B2C

Offering type

Services

Cost components

Operations, Personnel, Infrastructure, Technology or R&D

Core offering

KBC Bank Ireland was a Belgian universal multi-channel bank providing retail banking products and services to private clients and small and medium-sized enterprises in Ireland from 1973. Following an orderly exit announced in April 2021, all accounts and servicing were transferred to KBC Bank NV Dublin Branch on 1 December 2023; the entity (renamed Exicon DAC) returned its banking licence on 30 April 2024 and was dissolved on 2 October 2025. The sole remaining activity is post-exit customer support for former KBCI customers, with no new banking products being offered.

Product overview

KBC Bank Ireland operated as a banking business in Ireland until its orderly exit from the market. The company underwent a phased withdrawal: KBC Bank Ireland DAC was renamed Exicon DAC, then returned its banking licence to the Central Bank of Ireland on April 30, 2024, and was formally dissolved on October 2, 2025. KBC Bank NV Dublin Branch remains operational to support previous KBCI customers with queries, data protection requests, and deposit information. The current product offering is limited to customer support and account servicing for existing/former customers — no new banking products are being offered.

Differentiator

Problem solved

Functional benefit

Products and services

• KBC Dublin Branch Customer Support Services Post-exit customer support services for former KBC Bank Ireland customers, including query resolution on closed or transferred accounts, data access and data protection requests, and deposit-related inquiries (including information for deposit customers receiving a goodwill payment). Delivered through the KBC Bank NV Dublin Branch office at Scotch House, 6-7 Burgh Quay, Dublin 2.

Ideal customer profiles1 record

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Scale indicators6 records

Recent moves10 records

Expansion highlights1 record

Emerging players

• N26: European digital bank serving Irish retail customers. Cited as one of the fintech beneficiaries of the Irish incumbent exits, competing for the same retail and SME-adjacent segments KBC Bank Ireland previously targeted.
• Revolut: UK-headquartered neobank with a large Irish customer base. Multiple sources tie its growth directly to the exits of KBC and Ulster Bank from Ireland, making it the principal emerging competitor that captured share vacated by KBC Bank Ireland.
• Bunq: European neobank expanding into the Irish market. Comparable to KBC Bank Ireland's former positioning as a digitally-led retail/SME bank, and part of the cohort of digital entrants that absorbed demand following the Irish incumbent exits.

Broad incumbents

• Permanent TSB: Irish retail and SME challenger bank. Comparable to KBC Bank Ireland as a non-pillar incumbent serving similar private-client and SME segments in the same geography, with a more limited product range.
• ING Bank: Dutch-headquartered universal bank with a strong retail and SME franchise across Western Europe. Comparable to KBC Bank Ireland in customer segments, multi-channel model, and European geographic footprint.
• KBC Bank NV: Belgian universal bank that was the parent and franchise equivalent of KBC Bank Ireland. Operates a similar multi-channel retail/SME model across Belgium and Central Europe and continues to service former KBCI customers via its Dublin Branch.
• Bank of Ireland: One of the two dominant Irish universal banks serving retail and SME customers. Directly comparable to KBC Bank Ireland's pre-2021 franchise in target segments, geography, and product set, and was a primary beneficiary of the KBC/Ulster exits.
• Allied Irish Banks (AIB): Ireland's other pillar retail and SME bank, which absorbed a large portion of Ulster Bank's exiting customers. Closely comparable to KBC Bank Ireland in customer focus (retail + SME), geography, and universal-banking model.
• BNP Paribas Fortis: Belgian universal bank and close peer to KBC Group's home-market franchise. Comparable as a Western European universal bank with retail and SME focus, providing a benchmark for the type of business KBC Ireland represented within its parent's portfolio.

Direct peers

• Ulster Bank Ireland: Ulster Bank Ireland executed a parallel orderly exit from the Irish retail and SME market over 2021–2023, transferring its customer book to AIB and permanently reshaping the Irish banking landscape. It is the closest analogue to KBC Bank Ireland by customer segment, exit timeline, and regulator-driven wind-down.

Market position

Strengths2 records

Weaknesses3 records

Competitive moat2 records

Key risks5 records

Key highlights3 records

Customer concentration

• Xx.com/askkbcireland
• Facebookfacebook.com/kbcbankireland
• LinkedInlinkedin.com/company/kbc-bank-ireland

Compliance1 record

Revenue estimate

Valuation estimate

Number of profiles

Profiles1 record

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about KBC Bank Ireland